Other ETF notables that are in play here amid the explosive rally in Brazilian equities after a period of pronounced underperformance include BRXX (EG Shares Brazil Infrastructure, Expense Ratio 0.85%), EWZS (iShares MSCI Brazil Small Cap, Expense Ratio 0.60%), BRAQ (Global X Brazil Consumer, Expense Ratio 0.77%), BZQ (ProShares UltraShort MSCI Brazil, Expense Ratio 0.95%), UBR (ProShares Ultra MSCI Brazil, Expense Ratio 0.95%), BRZU (Direxion Daily Brazil Bull 3X Shares, Expense Ratio 0.95%), and BRZS (Direxion Daily Brazil Bear 3X Shares, Expense Ratio 0.95%) to name a few.
We haven’t seen any notable asset flows in EWZ in terms of creation and redemption in recent days, but it will be extremely interesting to see if given the recent sea change in the Brazilian equity market, that EWZ can reverse its 2013 outflow trend (fund has lost a significant $2.3 billion year to date via redemption flows).
iShares MSCI Brazil
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